FormFactor, Inc. (FORM) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,955,025 shares of the semiconductor company’s stock after buying an additional 32,341 shares during the quarter. Alliancebernstein L.P. owned 2.71% of FormFactor worth $24,242,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of FORM. Teachers Advisors LLC raised its stake in FormFactor by 2.1% during the 4th quarter. Teachers Advisors LLC now owns 113,009 shares of the semiconductor company’s stock worth $1,266,000 after buying an additional 2,273 shares during the period. Bank of Montreal Can raised its stake in FormFactor by 4.9% during the 1st quarter. Bank of Montreal Can now owns 19,378 shares of the semiconductor company’s stock worth $229,000 after buying an additional 901 shares during the period. Bank of New York Mellon Corp raised its stake in FormFactor by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 524,908 shares of the semiconductor company’s stock worth $6,220,000 after buying an additional 15,769 shares during the period. Suntrust Banks Inc. acquired a new stake in FormFactor during the 1st quarter worth $122,000. Finally, UBS Asset Management Americas Inc. raised its stake in FormFactor by 94.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 26,578 shares of the semiconductor company’s stock worth $315,000 after buying an additional 12,883 shares during the period. 86.55% of the stock is currently owned by institutional investors and hedge funds.
FormFactor, Inc. (NASDAQ FORM) opened at 16.15 on Thursday. The company’s market cap is $1.17 billion. FormFactor, Inc. has a 12-month low of $8.55 and a 12-month high of $16.38. The firm’s 50-day moving average price is $14.55 and its 200-day moving average price is $13.07.
FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.12. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.62%. The business had revenue of $144.00 million for the quarter, compared to analyst estimates of $134.53 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. FormFactor’s revenue for the quarter was up 73.3% on a year-over-year basis. Equities research analysts forecast that FormFactor, Inc. will post $1.22 earnings per share for the current fiscal year.
Several analysts recently commented on FORM shares. ValuEngine raised FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. reaffirmed a “neutral” rating and set a $15.00 price objective (up previously from $13.50) on shares of FormFactor in a research note on Monday, June 5th. Sidoti reaffirmed a “buy” rating and set a $18.00 price objective (up previously from $15.00) on shares of FormFactor in a research note on Wednesday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of FormFactor in a research note on Thursday, June 22nd. Finally, B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of FormFactor in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. FormFactor currently has an average rating of “Buy” and a consensus price target of $17.00.
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In other news, Director Michael W. Zellner sold 3,725 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $15.26, for a total transaction of $56,843.50. Following the transaction, the director now owns 63,000 shares in the company, valued at $961,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael M. Ludwig sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $14.07, for a total transaction of $140,700.00. Following the transaction, the chief financial officer now owns 267,977 shares in the company, valued at approximately $3,770,436.39. The disclosure for this sale can be found here. Insiders have sold 43,725 shares of company stock worth $623,844 in the last quarter. Company insiders own 2.84% of the company’s stock.
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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